Sony posts strong quarterly results
"Instead of losing 10 billion yen (almost $86 million) for the year ending March 31, 2006, the company now looks to make 70 billion yen ($601 million) in net profits."
"The company's PlayStation 2 and PSP-inclusive Game division played its part in the turnaround, raking in profits more than 50 percent higher than it claimed for last year's third quarter. While PS2 sales suffered, the PSP's first holiday season in worldwide release was sufficiently strong to lift the division's profits from 44.6 billion yen ($383million) to 67.8 billion yen (almost $583 million). However, the company said those improvements were partially offset by aggressive research and development spending for the PlayStation 3."
"One interesting note to come out of the report is that PSP hardware shipments have overtaken PS2 shipments for the first time. The company shipped 6.22 million PSPs for the third quarter, but only 5.36 million PS2s."
"While the company's PlayStation 2 and PSP-inclusive Game division continued to do well, the biggest reasons for the company's revised annual expectations were found elsewhere. Sony credited the rosy outlook to unexpectedly strong performances from its Electronics and Financial Services divisions. Sales on the company's TVs and PCs were particularly strong"
http://www.gamespot.com/news/6143174.html
TLHB:o . SCE and Sony corp. both made profits.
Btw if the PSP is dead why is it shipping more than PS2? That's right, because demand is higher.
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